American Taxpayer Relief Act of 2012

At the eleventh hour Congress averted the tax side of the ominous "Fiscal Cliff" that it faced as 2012 drew lo a close, late end result of the intense negotiations was the American Taxpayer Relief Act ol"20l2 (ATRA). The most publicized part of ATRA prevented scheduled federal lax rate hikes from going into effect for most taxpayers in 2013, while raising taxes on America's highest earners. ATRA also keeps in place many expiring in-come tax breaks and revives some tax … [Read More...]